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Rum Market is expected to generate a revenue of  US$ 17.5 Bn by 2032 , surging at a CAGR of 3.9%

02-24-2023 09:52 AM CET | IT, New Media & Software

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Rum Market is expected to generate a revenue of  US$ 17.5 Bn

A distilled alcoholic beverage manufactured from sugarcane byproducts, such as molasses or sugarcane juice, rum is produced, distributed, and sold all over the world. Rum is often aged in oak barrels and, depending on the ageing procedure, can range in colour from clear to dark brown.

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There are many different brands and varieties of rum available to customers, making the rum market a sizable portion of the worldwide alcoholic beverage sector. Rum is made in numerous other nations across the world, although among of the top producers are Cuba, Jamaica, Puerto Rico, and the Dominican Republic.

A variety of factors, such as fluctuating customer tastes and preferences, shifting demography, and changing economic conditions, influence the rum industry. Premiumization has become increasingly popular in recent years as consumers seek out high-end, craft-style rums that feature distinctive flavour profiles.

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Companies Covered in This Report -

Diageo PLC
Pernod Ricard SA
William Grant & Sons Ltd.
Remy Cointreau Group
Westerhall Estate Ltd.
Cayman Spirits Co.
Mohan Meakin Ltd.
Halewood International Holdings PLC
Suntory Holdings Limited
Arehucas
Elements Eight Rum Company Ltd
Bacardi Limited
Edrington
Radico Khaitan Limited
Davide Campari-Milano S.p.A.
Green Tree Distillery
La Martiniquaise

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Rum Market Industry Research by Category

Rum Market By Type : White Rum, Light/Gold Rum, Dark Rum, Spiced Rum

Rum Market By Nature : Organic, Conventional
Rum Market By Sales Channel : Business to Business, Business to Consumer :
Hypermarkets/Supermarkets, Specialty Stores, Online Retail, Others

Rum Market By Region: North America, Latin America, Europe, South Asia & Pacific, East Asia, Middle East & Africa

The rum market is also influenced by various regulatory and trade factors, such as tariffs, import/export regulations, and taxes. Additionally, the industry is subject to environmental and social concerns related to sugarcane production and labor practices.

Overall, the rum market is expected to continue to grow in the coming years, driven by increasing demand from consumers around the world who appreciate the unique flavor and character of this popular spirit.

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Chocolate Market : https://www.persistencemarketresearch.com/market-research/chocolate-market.asp

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Contact Us :

Persistence Market Research
305 Broadway,7th Floor New York City, NY 10007 United States
Call +1-646-568-7751
Call +1 800-961-0353
sales@persistencemarketresearch.com

About Us :

Food & Beverage Division at Persistence Market Research

The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement

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